Thank you, Mr. Simard.
Like you, I am quite wary when I hear those qualifiers about effective subsidies and so on.
I was attempting to say that the era of providing subsidies directly to the oil and gas sector should come to an end. Many of these projects simply become uneconomic in the absence of subsidies. Where our direct support should be going is both to those alternatives and to the workers and communities facing the need to transition. That's where public resources should actually be going.
I am wary in general that we seem stuck in an approach that is trying to incentivize our way to victory on the climate emergency. It hasn't worked. I don't think it is going to work. We encourage change. We incentivize change. We give credits. We give rebates. We send price signals. That's not an emergency.
It is helpful that we are now talking about an actual cap—